Commentary on local and national politics from the viewpoint of a long-time Trenton city resident and union state worker. International Brotherhood of Amalgimated meat cutters and butcher workmen.

"Our Liberties We Prize, Our Rights We Will Defend."

Commentary on national and local events from the standpoint of a Trenton city resident and state worker.

Sunday, March 24, 2013

How to Make an Outdoorsman

How do you make a boy into an outdoorsman. Or for that matter, how would you make a couch potato if anybody wants their kids to grow up to be couch potatoes.

Yes, the toys do help make the boy. Couch potatoes are made by buying your kid lots of video games, giving him a big screen TV and a premium cable package and keeping him away from sports teams or any kind of physical activity. Throw in a few Barbie dolls and you could just as well be raising a girlie girl.

And guess what kind of childhood I had. In second grade history class, the nuns told us about Daniel Boone and how he blazed a trail across western Pennsylvania into Kentucky. Before you knew it, I was at the hardware store and bought a hatchet, then went across Broad Street into the woods what went behind Gropps lake and ran to Great Bear Swamp.

I used the hatchet to chop marks on the side of trees like Mr. Boone did. I blazed my own trails. I found a spring and got a canteen and filled it up with fresh spring water right out of the ground. I found the stream that led from Gropps Lake Dam to Crosswicks Creek. On the creek older kids had monkey ropes and I would use these to swing out over the creek. There was also a cable zip line which is two cables running parallel to each other. You grab onto the upper cable with your hands and walk across the lower cable with your feet.

I took my friend Brian into the woods and showed him what I discovered. Together we found a row boat and borrowed it to sailed down the little creek to Crosswicks Creek and rode Crosswicks Creek down to the Rt. 206. Next, we took the boat back and went home.

I told my mom what I did and she seemed quite agreeable to what I did. I was surprised. Her brother drowned swimming in the Delaware when he was 16 and I had the same first name as he. Turns out she thought I was making up the story about stealing a boat and going down Crosswicks Creek.

I went back to the woods with Brian and repeated the trip. Except this time it was low tide when we got back to the tributary we took to the larger creek. This meant I had to get out of the boat and dull it up the creek because the water was too shallow to paddle back to where we started. I fell unto a hole in the creek and started sinking into water over my head. I got lucky and hit a rock before I went under.

Brian pulled me to safety, but I was covered head to toe with mud. When I got home my mom was pissed. What Happened to you? she said. I told her about the boat again and this time she replied, "My god, you really did take a boat to Rt. 206, didn't you?" I was told never to do it again and got grounded. She also said her brother died in the same river doing something less stupid than what I did and that I will probably never live to see adulthood either.

And what is the elementary school years without your first real gun? I believe my first experience with firearms was when I was 7 years old taking a Christmas trip with my father to Shomokin, PA which is in the Poconos. This was no candy ass ski trip. No, my dad went up to his friend's cabin to slaughter a cow to fill our freezer.

My father's friend was a hillbilly who moved to Trenton and started a roofing business with his brother. Having been born and raised on a farm in the mountains he hunted and fished regularly. The cabin was his father's farm and there was a barn and a fenced-in corral around the barn. My dad's friend had a black Angus steer delivered to the farm.

The day we arrived, my father's friend went out and shot the steer several times in the head with a rifle. He then pulled the downed cow up in the air by the back legs with a chain and hoist, cut the cow's throat and skinned it. We ate the tongue for supper and the rest of the animal went to the packing plant for butchering.

Here I was, a suburban kid from Hamilton observing the killing and butchering of my first animal at the age of 7. What a way to toughen up the boy, my dad thought. I was devastated. The next day, I did something a little more fun. I got to do some target shooting with my father and his friend. I got

to shoot a ..22 and a .44 rifle. First the .22. That went well enough. No kick, and I hit the target. Next the .44, which knocked me off my feet. My dad thought it would be funny to let me get knocked on my tail by a high power rifle.

Next, I got to ride down to logging trail on a 'toboggan' which was really a steel sign with the front bent up. I wrecked the improvised sled when I hit a tree. I got banged up a little bit.

When I got home, my dad took my over the bridge to Pennsylvania and bought my a Daisy Red Ryder BB gun. He set up a shooting range in the basement and I would spend hours down there plinking away at tin cans. Got to be a crack shot.

Fast forward to adulthood. Guess who joined the New Jersey Army National Guard and stayed in for 10 years. Yep, little ole me. I got to shoot sharpshooter with the M16, sleep in the woods and learn to kill with a bayonet. I also got to drive heavy trucks with stick shifts. And most of what I needed to know, camping, shooting, woodsmanship, I did not learn in the Boy Scouts, but learned through my father or on my own.

Needless to say, most suburban kids don't have childhoods like I did. No they grow up ignorant of firearms and the woods. They turn into typical urban adults, either afraid of guns or infatuated by them. In either case, they are not familiar with them and don't know how to clean them or use them in a safe manner for a constructive purpose like hunting.

I am also strongly opposed to gun control and think New Jersey's gun control laws should be repealed, not strengthened.

I urge you to call your congressman and senators to make it clear we don't need stronger gun laws at the federal level.

We need to develop a strong gun culture in New Jersey and the rest of the nation. Then we will have stronger kids that will want to join the army and defend their country when they grow up.

Tuesday, March 19, 2013

FNMA - Bottom Floor Get Rich Opportunity or Another

Case of Dead Cat Bounce

I know I haven't written here in a long time. A lot has happened since my last post. For one thing, the Trenton mayor got indicted for extortion and the Hamilton mayor got sentenced to three years in Club Fed for bribery. Count one good government award for a Democrat (Trenton's Tony Mack) and another good government award for a Republican (Hamilton's Bencevengo).

One thing hasn't changed. I still work for the Office of Research and Information at the New Jersey Department of Labor. And part of my job involves monitoring and writing about building permits and the housing market.

Although I work in the field of economics, very seldom do I do any research which would help me or anybody else make money. It may be a popular conception that all economists work as financial analysts for Wall Street helping millionaires to become billionaires. Not so, at least for government economists anyway.

However, that doesn't mean that I haven't discovered a money-making factoid here and there. More playing fly on the wall watching the situation develop more than anything else, but I have acted a few times on what I have seen going on in the state's housing market.

In the latter months of 2011 I noticed building permits started increasing again. I believe in the fall of 2011 Hovanian (HOV) hit a low point of about $0.80 a share. Rumor had it that the homebuilder was about to file for bankruptcy. In 2012, this homebuilder and most of the other large builders rose from the dead. The HOV common stock now trades over $6.00 a share.

Not that I am a financial genius or anything. I once had 3,500 shares of HOV. I traded it and screwed up more often than made money. I still have 1,400 shares though.

I missed out on most of the gain to date in homebuilding stocks. HOV is the weak sister of the large homebuilders and I could have done better with DR Horton or Toll Bros or something else.

Well, new year, new money making opportunity. The Federal National Mortgage Association (Fannie Mae) is the nation's largest source of mortgage money for banks. And compared to the homebuilders, Fannie Mae is a late bloomer. In early 2008, FNMA traded for about $60 a share. By early 2009, the collapse of the housing market took its toll on the company. The stock price fell below a dollar a share and the stock was delisted from the New York Stock Exchange.

Was it Rest in Peace for FNMA? Not exactly. Although the stock has remained below a dollar a share ever since, the company remained alive. Now the company may be pulling off a resurrection, now that home construction has reached his highest level in 4 1/2 years. And the revival of housing is finally being reflected in the stock price. Last week FNMA could be had for about $0.25 a share. As of the market's close today, the price reached $0.73, almost a three-fold gain.

I got in on this deal yesterday at $0.50 a share for 2,300 shares. Now let's hope FNMA really is on the mend, and is not just another flash in the pan. After all you probably know what those Wall Street types say about companies which are about to go under. There is something call the dead cat bounce. When you throw a cat off a high building it bounces when it hits the ground. Of course by this point the poor creature is already dead. It only bounced because of the energy of the fall. Once this energy leaves, the cat remains forever motionless. The same thing with stocks. The stock price of a dying company crashes as it nears its end. However, just before the company goes under, the stock price oftentimes bounces back. Of course, once it finally goes under the stock is worthless.

Dead Cat Bounce or money machine? Only time will tell, but at least its a better bet then say investing in a rare earth mine in Mongolia.

About Me

Commentary on local and national politics from the viewpoint of a long-time Trenton city resident and union state worker. Before working for the state I was employed in the private sector as a production worker in various factories and as a painting contractor, so I know what it is to work hard for your money. Back in the 1970s I lived in Iowa and Nebraska and for a time worked at the Iowa Beef Processors packing plant in Dakota City, Nebraska and was a member of the International Brotherhood of Amalgimated Meatcutters and Butcher Workmen.
Today I don't cut much meat, but don't hesitate slicing up politicians from either party, especially when they attack the interests of ordinary working people. If you want to hear from an economic liberal and union man who is a social conservative, you've come to the right place.